Metso Releases 2010 Financial Results
Tuesday, February 8, 2011
Metso’s President and CEO Jorma Eloranta expresses his
satisfaction with the company's achievements last year. "We made good progress on many
fronts: we saw clear recovery in our orders, we maintained strong cash flow
throughout the year in spite of growing business volumes and all of our profitability
indicators improved, too.
"We estimate that demand for our automation products will
continue to be good in 2011, as the oil, gas and petrochemical industries
increase their investments due to the improvement in energy prices and demand.
Demand for automation products in the pulp and paper industry is also expected
to develop favorably. Demand for our services business for automation solutions
is expected to be good.” More…